Opportunity to purchase a HMO property in Birkenhead generating £36,012 gross rent pa & gross yield of 13.9%
Offers in excess of
£260,000
HMO Semi-Detached House
VES-CH42-004
INITIAL INVESTMENT
£78,300
Based on
deposit: £65,000
stamp duty: £10,800
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£36,012
GROSS YIELD
13.9%
The property
TENANCY
Tenanted
TENURE
Freehold
8 bedrooms
3 bathrooms
1 reception room
2,687
Fully Furnished
Property information
- Fully HMO licenced
- Spread over 3 floors the property comprises:
- 8 x bedrooms
- 3 x shared bathrooms
- Shared kitchen and living area
- EPC rating D
- Council tax band B
Rental information
- Room 1 - £390 pcm
- Room 2 - £390 pcm
- Room 3 - £346 pcm
- Room 4 - £390 pcm
- Room 5 - £390 pcm
- Room 6 - £390 pcm
- Room 7 - £353 pcm
- Room 8 - £352 pcm
- Total rent pcm: £3,001
- Total rent pa: £36,012
The vendor believes that higher rents are achievable with a small amount of investment
Running costs
The vendor provided the following running costs for the property:
- Council tax: £133pcm
- Gas & electricity: £518.75 pcm
- Water: £54.10 pcm
- Broadband: £29.95 pcm
- TV licence: £13.25 pcm
- Cleaner: £90 pcm
- Total cost pcm: £839.05
- Total cost pa: £10,068.60
Location information
- The property is located in the Rock Ferry area of Birkenhead
- Birkenhead city centre is just under 2 miles from the property
- Rock Ferry railway station is the closest station, just 10-minute's walk away
- There is a bus stop just a short walk from the property
- Easy access to Rock Ferry by-pass
Floorplans
Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
About Birkenhead, Merseyside
Birkenhead is a town in Borough of Wirral, Merseyside. Located on the Wirral Peninsula, along the west bank of the River Mersey, within 10 minutes of Liverpool and close to Cheshire, North Wales and Greater Manchester.
At the 2011 census, it had a population of 88,818. More than 3 million people live inside a 45 minute peak-time commute area that employers recruit from, and around 7 million live within an hour. Close to 832,000 residents in this area are of working age.
Manufacturing employment is a strong component of the workforce profile, with proportionately more residents working in various manufacturing activities than in the region or across England as a whole. Firms include JLR, GM and Airbus.
More than a thousand offshore wind turbines are planned for the Irish Sea and Wirral is fast-becoming the main hub on the west coast of the country, for manufacturing, operations and maintenance. Cammell Laird, DONG Energy, Siemens and RWE are all active here.
Wirral is also a key location for Unilever's operations. Port Sunlight is home to its largest European manufacturing site, producing well-known laundry and homecare. Wirral is also home to one of Unilever's six global research and development centres, driving innovation in household brands.
Wirral provides a wide choice of education including several independent and grammar schools and a metropolitan college. The area is also located closely to several world-class universitesi in Liverpool and Manchester.
Wirral is highly connected for local businesses; all adjacent to the motorway network, putting you just a few minutes from Liverpool, Manchester in less than an hour and Birmingham in under two. Liverpool is one of the few cities outside London to have its own underground and commuter railway known as Merseyrail offering fast access around the city centre and to the Wirral, Southport and Chester amongst other places.
Fast trains to London take just over two hours from Chester and Liverpool. Two airports also connect the area – Liverpool John Lennon and Manchester with flights to more than 200 international destinations and a major air freight hub less than an hour’s drive away.
Green Lawn,
Birkenhead,
Merseyside,
England,
CH42 2DY
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